Fund X: Fintech

Fund Overview

Summary

Risk management: Continuously managed at the asset and portfolio level

Minimum investment amount: €100.000,-.

Base currency: EUR (€).

Investor profile

Be aware that cryptoassets are a highly risky and volatile asset class

Have an investment horizon of 3 or more years

Be aware that profit is not guaranteed

Be aware that losses can occur over any period of time

Have the financial means to endure periods of depreciation and do not
need any income from their investment

Fund characteristics

Transparency

All transactions, trades, deposits, withdrawals and balances are monitored
by an independent auditor and results will be frequently updated and communicated
to investors.

Knowledge

Our team builds on experience in investment management and portfolio optimization.
Thorough fundamental analysis allows us to understand which projects have
long term viability.

Network

Our network in the blockchain ecosystem allows us to gain an edge over
the competition in terms of knowledge and attractive rates in fundraisers
not available to the public.

Risk Management

Managing risk is key for sustainable results. We apply dynamic diversification
and manage systematic risk at the portfolio level by moving to stable assets
and hedging our positions.

Strategy

The Fund actively invests through a long-bias investment strategy. We
believe a hybrid strategy is preferable because we combine early stage
investing with near-immediate secondary market liquidity which creates
a different market dynamic compared to traditional early stage investing
and allows for a relatively concentrated portfolio composition. Our strategy
entails a long-term investment horizon based on fundamental research (we
focus on startups/projects that are in seed stage and developing a proof
of concept) with an integrated risk management framework which allows for
downside risk protection.

Fundamental research

Integrated risk management

We invest in both equity (tokenized) and digital assets which are fundamentally
different, but early stage analysis categories are similar; (i) team, (ii)
product and (iii) market. The difference is in the financials, valuation
methodology and (regulatory) risk assessment. Also, secondary market liquidity
requires continuous monitoring of protocol specific factors.

Within a robust risk management framework we can adjust our net-long exposure
to market cyclicality on a portfolio level. We aim to protect our portfolio
from systematic downside risk and generate better risk-adjusted returns
than the market. Any measures taken are within limits continuously monitored,
tested and set at the individual asset-level.

Team
• Cohesiveness team with relevant backgrounds
• Personal commitment, drive and incentives
• Presence mix of technical and business aptitudes